If my maths are correct, £1.875 per word is the minimum rate the winner of this short story competition would get. If you wrote less than the maximum 8,000 words then it could be even more. Just divide the £15,000 top prize by your word count to get the exact figure. There are four further, smaller but still not bad, prizes.
There are pages and pages of rules and regulations, which you'll need to read carefully. They include the requirement to be a British National or UK resident and to have been previously published.
The odds of winning are exceedingly slight, but I'm going to improve my chances a little by actually sending in an entry. How about you?